Dollar Plunges to Three-Year Low as Gold Surges and Bitcoin Hits New High

The U.S. Dollar Index has plummeted to its lowest level in three years, dropping to 98.23 due to escalating global trade tensions initiated by President Trump.

This decline marks an acceleration of the downward trend that has characterized the dollar's performance throughout the year, with a fall of over 10% since January.

The dollar's weakness has led to a surge in safe-haven assets, with gold prices reaching an all-time high of $3,380 per ounce, a gain of 29% in dollar terms this year.

BTC (Bitcoin) also climbed above $87,000, potentially decoupling from tech stocks as it forges its own path in the financial landscape.